Walleye Group to Appeal Intelsat Insider-Trading Dismissal to 9th Circuit

Lead plaintiff Walleye Group seeks 9th U.S. Circuit Court of Appeals review of the April 27 decision by U.S. District Judge Jeffrey White for Northern California rejecting its class-action suit against former Intelsat officers and shareholders (see 2304270005), said its notice of appeal Thursday (docket 4:20-cv-02341). Walleye alleges insider trading of Intelsat stock before the public found out the FCC wouldn't allow a private auction of the satellite company's C-band spectrum.